focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I don't see how you can read it that way. The RNS says "and as they have requested additional time, we have agreed to extend the deadline."
So according to the RNS, the request came from interested parties.
Yes, about 6 months.
Hopefully just long enough to get a JDA signed for the GH project with a healthy cash injection included. I can't prove it, but that's what I believe the plan is.
Overall, the request for additional time suggests that the potential partners are genuinely interested in the opportunity and are investing effort into evaluating its feasibility. It is a positive sign that the company is engaging with multiple high-quality companies and extending the deadline to accommodate their evaluations, indicating a level of interest and seriousness in pursuing the farmout.
Well, bit of a mixed bag.
Positive that the natural decline is not that much and we were way ahead of the guidance for H1 which was 700-900 bopd originally.
Potential delay to the Maria sale is frustrating but not nailed on. Let's see. But a delay is still just that, a delay, not a cancellation.
Cash position is not great but not that terrible either. We started the year with $1.4M and now have $0.55, so we spent $850K more than we got in. Not too bad when you consider we spent almost $2M on the 2 new wells. But clearly something the BoD need to manage.
Jamaica obviously the key here. Delay to the indicative offer stage is a bit frustrating from a PI point of view, but if it is down to potential partners requesting more time to evaluate it's actually quite a positive sign. 197 days left maximum.
To the ill-informed:
There CANNOT be any further placings until April 2024 at the EARLIEST.
"plans for ke
the news owners of the company have ambitious plans for its future....
another major area of possibility is thar coal. spread over more than 9000 square kilometres, the thar coal fields are one of the largest deposits of lignite coal in the world — with an estimated 175 billion tonnes of coal that according to some could solve ****stan’s energy woes for, not decades, but centuries to come."
Thank you, DR. I didn't know KE had been sold.
I saw this very interesting article about the new owner, Shaheryar Chishty . He owns Block-I (which is the same size as Block-Vi and is now fully operational), and has very close ties to CPEC. This guy knows what he's doing.
Extremely positive IMO.
"Chishty is naturally a big believer in Thar Coal. Two blocks of this project are already ready for operations. And according to a K-Electric document, the company feels they can easily be expanded at a low marginal cost. Located only 300 kilometres from Karachi, transportation is also not going to be a major expense. Already a rail line linking Thar to the national rail network is expected to be completed during 2023, and it will require an additional investment of just over $3 billion to produce 3600MW of electricity."
https://tinyurl.com/mwmkcddh
"Nothing has changed since early May"
I strongly disagree with that.
We got first UK IM since then...
Https://tinyurl.com/c3cw5xbh
It is suggested that the GH can be developed in conjunction with the large-scale development of green electricity and be applied to the refining and chemical industry in the next step in the BRI member countries and also the CPEC Phase-II.
Https://twitter.com/OraclePowerPlc/status/1678668237402259457?s=20
Fitch upgrades Pak's rating after successful IMF deal.
Tomorrow is the 12th JCC in Beijing. There's a good chance of them discussing our Thar project.
FYI the loan to subsidiaries is not new, it's been there for years and years.
Wow that is a fantastic article.
Are you going to chuck it on Twitter?
"ever decreasing sp" he says.....
We're up 70% YTD my friend.
Past is past, but if you're going to look at the sp (instead of the fundamentals) you have to acknowledge that things appear to be looking up.
TAG will assume the obligation of the Buyers to pay SYME the remaining £2,000,000 of the Cash Quantum by way of a novation.
The TAG Amount will be repaid by TAG to SYME in multiple tranches, with the final tranche being payable by 31 January 2024.
No specific predictions from me, but worth noting the following:
AZ bought 925,000,000 shares at just over 0.05p in April. The price was almost triple that a month later.
AZ effectively bought just over a billion shares at 0.195 last week. So let's see what happens shall we.......
I don't think it's clear if it's a buy or a sell. Some sell prices were above 0.123 and some were below at around that time.
Re positive and negative posts getting slated, I think if more posters would stop participating in it and just post only what is relevant to the company, and not respond to posts about the posts, the board would be far better off.
I'm loading up.
Not 51M share though regrettably....
I believe 0.2p is practically nailed on as an absolute minimum, as I said over the weekend.
To spell it out: they have got rid of all their SYME shares for 0.195p a share, which TAG happily agreed to pay even though the share price is currently 50% less than that.
This is not something TAG were obliagted to do. They have chosen to do this because it's benficial to them (ie to AZ).
Gute nacht
I'm not confused at all. TFC are buying back shares (81%) in TFC for just over £14M.
To facilitate the deal, TAG agreed to pay £2M of that to SYME, in exchange for which they will take TJ/JC's shares in SYME. That means that TAG are effectively paying 0.195p per share. This is not something they need to do. TAG are not obligated to facilitate TFC's buyback. Get it?